Empire Energy Group Limited (EEG.ASX) is a junior oil and gas producer and explorer with onshore Northern Territory and US oil & gas assets. EEG has announced a transformational deal to acquire an operated 82.5% interest in five tenements across the Beetaloo Sub-Basin in the Northern Territory. The acquisition, with an estimated value of $54.7m (based on yesterday’s close), will more than double EEG’s Prospective Resource to 41 TCFe, comprising 37 TCF gas and 657 MMbbls liquids (condensate and o ....
